Maybe they (CBs) are saying this right now because of ADP NFP? 
, 4 more minutes and I'll know
, 4 more minutes and I'll know
- #12,685
- Nov 30, 2011 7:26am Nov 30, 2011 7:26am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #12,686
- Nov 30, 2011 7:27am Nov 30, 2011 7:27am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
PK,
I need your guns and bullets. There are some CBs that need a stern talking to!
AR15 with YHM smooth carbine upper and a 16" diamond fluted barrel, RRA 2 stage match trigger. VILTOR EMOD collapsable stock, laser, bipod, 4x tactical scope and flashlight.
Is a full combat load of seven 30 rd mags loaded with federal .223 FMJ ammo gonna be enough fer ya.
I don't care which way the market is going as long as it's going my way
- #12,688
- Nov 30, 2011 7:28am Nov 30, 2011 7:28am
I wasnt able to place an order. anyways, Now I am able to at 1.3431... Should it go down from here ? Missed a huge opportunity..
LF
patience is a virtue
- #12,689
- Nov 30, 2011 7:28am Nov 30, 2011 7:28am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #12,691
- Nov 30, 2011 7:29am Nov 30, 2011 7:29am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Trade price
POP!!! goes the weasel.
when tey do, it is inevitable - W.D. GANN
and its proven... it met.
good 300+
Have I got something on my face, SOLDIER?
- #12,693
- Nov 30, 2011 7:30am Nov 30, 2011 7:30am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #12,694
- Nov 30, 2011 7:30am Nov 30, 2011 7:30am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Okay so I've rwad the previous posts.
The coordinated intervention did not provide more liquidity. From what I understand, they lowered the rates for the swaps. In other words they have made the liquidity cheaper for the banks to borrow. That translates to lower borrowing costs for the banks.
The market likes this for obvious reasons. First off because it preempts a feared of liquidity crunch. Secondly because it helps keep interests rates lower. Third because it gives the banks and other financial institutions an opportunity to reduce costs and if they don't pass these costs on to the borrower, they increase profits (or mitigate losses)
The real cruncher today though was not because liquidity is being provided cheaper but rather because it is a coordinated effort by all the CBs. That is huge. Working together always instills more confidence.
Don't be fooled though. The equity and commodity markets may rally for a while on this news. However, the underlying fundamentals still stink, there is still a debt crisis and the bears are now licking their lips waiting for their chance to short the markets.
So now it's time for the cherry on top. ADP employment numbers are out and the result is 206K new private sector jobs created as opposed to the 131k expected.
Effect on the Euro will be short lived. While the equity indices will see more of a sustained gain from this, the fact that we had a good US employment number release should be USD positive. Therefore I fully expect the EUR/USD to fade this news after the hoopla is over for the day.
If price manages to break and hold above the falling channel resistance at 1.3500/20 area, then the next major resistance comes in around 1.3600/10 area which is where I will gladly slap on a nice short position. However, caution must be exercised as we are still awaiting some announcement from the EU finance ministers.
Trade safe all.
The coordinated intervention did not provide more liquidity. From what I understand, they lowered the rates for the swaps. In other words they have made the liquidity cheaper for the banks to borrow. That translates to lower borrowing costs for the banks.
The market likes this for obvious reasons. First off because it preempts a feared of liquidity crunch. Secondly because it helps keep interests rates lower. Third because it gives the banks and other financial institutions an opportunity to reduce costs and if they don't pass these costs on to the borrower, they increase profits (or mitigate losses)
The real cruncher today though was not because liquidity is being provided cheaper but rather because it is a coordinated effort by all the CBs. That is huge. Working together always instills more confidence.
Don't be fooled though. The equity and commodity markets may rally for a while on this news. However, the underlying fundamentals still stink, there is still a debt crisis and the bears are now licking their lips waiting for their chance to short the markets.
So now it's time for the cherry on top. ADP employment numbers are out and the result is 206K new private sector jobs created as opposed to the 131k expected.
Effect on the Euro will be short lived. While the equity indices will see more of a sustained gain from this, the fact that we had a good US employment number release should be USD positive. Therefore I fully expect the EUR/USD to fade this news after the hoopla is over for the day.
If price manages to break and hold above the falling channel resistance at 1.3500/20 area, then the next major resistance comes in around 1.3600/10 area which is where I will gladly slap on a nice short position. However, caution must be exercised as we are still awaiting some announcement from the EU finance ministers.
Trade safe all.
Those who say it cannot be done should not interrupt those who are doing it
- #12,695
- Nov 30, 2011 7:32am Nov 30, 2011 7:32am
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts | Online Now
Here ya go
AR15 with YHM smooth carbine upper and a 16" diamond fluted barrel, RRA 2 stage match trigger. VILTOR EMOD collapsable stock, laser, bipod, 4x tactical scope and flashlight.
Kill the ego, or it will kill the mission.
- #12,697
- Nov 30, 2011 7:35am Nov 30, 2011 7:35am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
dunno if it will work but I scalped like 40 pips from this move. Now I'm holding my short at 1.3432. Let's see how fast this liquidity will fade.
I am too short at 1.3431.. but it doesnt look like coming down
- #12,700
- Nov 30, 2011 7:42am Nov 30, 2011 7:42am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I wonder what you do when the lights go out
Here's the Fed Statement on Funding for those interested.
I don't care which way the market is going as long as it's going my way